Business · Markets · 3 hrs ago

About 220 of the top 300 cryptocurrencies fell in a week

About 220 of the top 300 cryptocurrencies fell in a week

The altcoin market has weakened after a recent rebound.

In the week covered, about 220 of the 300 largest cryptocurrencies fell, while about 80 rose.

Altcoins are cryptocurrencies other than Bitcoin, and their losses were larger than Bitcoin’s.

The market is facing slower liquidity and pressure from interest rates, which can make it harder for prices to rise.

The amount of stablecoin money waiting on exchanges has also fallen, pointing to weaker buying interest.

Experts expect short-term price swings to remain larger, though no specific next step was reported.

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